Odaily Planet Daily News The official governance page shows that Gauntlet initiated a proposal to abandon MAI/MIMATIC in the Aave community.
Given that the MAI/MIMATIC price has fallen to approximately $0.72 in the past 24 hours and has been unable to regain its peg over the past few months, Gauntlet recommends starting the deprecation of MAI/MIMATIC with the goal of reducing loan terms and increasing borrowing rates, the proposal states. to incentivize repayment. Currently, MAI/MIMATIC is frozen and LTV is set to 0.
CoinGecko data shows that the stablecoin MAI (MIMATIC) has been unanchored since July 2023, temporarily trading at $0.781966, with a 24-hour drop of 3.23%.